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▲ Bitcoin (BTC) ©CoinReaders
Bitcoin (BTC) has successfully passed the halfway point on its journey to the next halving, once again imprinting the long-term scarcity value across various virtual assets, including XRP (Ripple), in the market.
According to the cryptocurrency specialized media Bitcoinist on April 22 (local time), the Bitcoin network recently surpassed block number 945,000, well over halfway through the 210,000-block journey towards the 5th halving scheduled for 2028.
Based on NiceHash data, the current block height is passing the 946,000 mark, and the next halving will occur at block number 1,050,000. This mechanism, designed by Satoshi Nakamoto, is a key device that precisely halves the block subsidy given to miners approximately every four years, curbing inflation and preserving the asset's value.
Starting with 50 at its inception, the block subsidy has decreased to 3.125 after four halvings, and is expected to further shrink to 1.5625 around November 2028. This reduction in rewards will continue until the total supply reaches 21 million, at which point the issuance of new tokens will cease entirely.
Such a fixed supply limit and continuously decreasing rewards pose a structural survival challenge for miners. The mining industry, which currently relies on block subsidies for most of its income, faces a situation where it must depend on long-term price increases or a revolutionary increase in on-chain transaction fees to defend the network's profitability.
Amidst this grand trend of miners' survival strategies and the strengthening of asset fundamentals, and where investors' expectations intersect, Bitcoin is trading around $75,980, having risen more than 2% over the past 7 days as of the time of writing.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
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